Orthopaedic Navigation System Market Trends

Growth Drivers

• Rising popularity of orthopaedic navigation systems industry among surgeons
  The use of navigation software by surgeons and physicians is rising rapidly as this is one of the cost-effective solutions when compared with others and thus, the popularity for orthopaedic navigation systems is rising. So, this is anticipated to result in the growth of the market for orthopaedic navigation systems in upcoming years.

• Rising orthopaedic conditions to grow the market for orthopaedic navigation systems
  As the geriatric population as well as cases for joint reconstruction is rising rapidly, the demand for the market will continue to increase. On the other hand, rising awareness among patients as well as healthcare professionals and high level of expenditure in healthcare is predicted to ultimately lead to boost the market for orthopaedic navigation systems in the next few years.

Restraints

• Ongoing competitive technologies to limit the growth of market
  Patient-specific cutting blocks which incorporate preoperative images in order to increase the accuracy of alignment at the time of total knee arthroplasty is gaining popularity as an alternative to the navigation system. This is one of the major factors that is estimated to limit the growth of market in the upcoming future.

• High cost associated with the purchase of orthopaedic navigation systems
  Many companies are encouraged to develop more affordable options due to the relatively high average selling prices of navigation system and are shifting towards rental as well as leasing options rather than buying expensive systems. This might act as a restrain to the growth of orthopaedic navigation system market.